Volcon (NASDAQ:EMPD) Shares Up 2.9% - Still a Buy?

Key Points

• Shares of Volcon rose about 2.9% to roughly $4.28 intraday on Monday with ~997,097 shares traded, and the 50‑day moving average ($4.32) remains below the 200‑day ($5.61).
• Weiss Ratings reiterated a "sell (e+)" and the stock carries an average analyst rating of Sell, indicating weak broker sentiment.
• Major shareholder Atg Capital Opportunities Fund acquired 559,183 shares at an average $4.68 (a 14.19% increase to 4.5M shares); insiders bought 1,119,771 shares in the last 90 days totaling about $5.35M.

Shares of Volcon, Inc. (NASDAQ:EMPD - Get Free Report) rose 2.9% during trading on Monday . The stock traded as high as $4.34 and last traded at $4.28. Approximately 997,097 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 1,006,710 shares. The stock had previously closed at $4.16.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Volcon in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of "Sell".

Volcon Trading Up 2.9%

The business has a 50-day moving average price of $4.32 and a 200 day moving average price of $5.61. The stock has a market cap of $155.88 million, a PE ratio of -0.28 and a beta of -0.59.

Insiders Place Their Bets

In other news, major shareholder Atg Capital Opportunities Fund acquired 559,183 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were acquired at an average cost of $4.68 per share, for a total transaction of $2,616,976.44. Following the purchase, the insider owned 4,500,000 shares of the company's stock, valued at approximately $21,060,000. The trade was a 14.19% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders bought 1,119,771 shares of company stock valued at $5,349,670. Company insiders own 0.13% of the company's stock.

About Volcon

Volcon, Inc NASDAQ: EMPD is a Texas‐based powersports company specializing in the design, development and distribution of electric off-road vehicles. Headquartered in Austin, Volcon aims to introduce zero-emission solutions to the traditionally gas-powered UTV and dirt bike markets. The company's modular vehicle platforms blend electric drivetrains with rugged chassis designs, targeting recreational and utility riders seeking sustainable alternatives for trail, sand and farm use.

Volcon's product lineup includes the Stag, a side-by-side utility terrain vehicle (UTV) engineered for work and play; the Grunt, an entry-level electric dirt bike offering trail-ready performance; and the Ranger, a dual-purpose e-adventure motorcycle suited for longer off-road excursions.

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